However, emergency fund is not mandatory for everyone.
That is a strange statement, and I find it difficult to understand how anyone could consider themselves as an investor in bitcoin without some kind of emergency funds (or back up funds) - and surely there could be some cases in which discretionary income is guaranteed.. and so those funds may well be serving as emergency funds.
Essentially, it makes no sense to me to proclaim that emergency funds are not mandatory... especially if we are talking in terms of investing rather than gambling.. Sure, if you are gambling then there are a lot of things that you can do that no rational person would do, absent some dire circumstances in which they might not have a choice.
It is indeed a very strange statement to say that Emergency funds is not mandatory. Anyone who is really interested in bitcoin investment would understand that Emergency funds is a must have to safeguard your bitcoin stash. Anyone who sees emergency funds as not mandatory is either a trader or not ready for bitcoin investment. Gamblers sometimes disguise as investors to spread some false information about bitcoin accumulation and investment strategies.
But there some common unambiguous knowledge that anyone should have...one of them is that Emergency funds is a must have if you really aim at holding for a long time. Tampering with your emergency funds is also another way of leaving bitcoin investment any moment.
Several times in this thread, and maybe some of the related threads, we have observed that there are likely a lot of people (especially rich people) who have a lot of various resources, including that they may well have friends and family that would bail them out of short-term cashflow situations.. such as.. this might be dad or mom.. :
In these kinds of rich people situations, the $20k "loan" may not even need to get paid back. .and the son might even have some.. other back up ways to get money in case dad or mom did not bail him out.
To be honest, the whole idea of emergency funds being pressed on people’s necks sounds a bit off to me.
First of all, we’re always told to only invest what we can afford to lose something that won’t break your back if it disappears.
Then, regardless of any aid or help you might get, you’re still expected to have some financial capability to handle your regular struggles without throwing all your money into crypto.
But does it really have to be called “emergency funds”?
I mean literally this seems like a strange sentence because how can people plan to live and invest without an emergency fund? When it comes to investing, it's said to invest as much as you can but it doesn't mean you should stop spending money on your emergency fund. In light of your opinion it is correct to say that if you don't have a backup fund or emergency fund, your back will simply break in uncomfortable situations. Moreover, if you really prioritized Bitcoin investments so much, you wouldn't have to use this phrase to find a way to prevent future problems with your holdings. I still know that in life, an emergency fund is not an optional thing but is considered a necessity, whether to protect the family or to protect investments. For example, if someone does not receive free healthcare in their country and does not even have a backup fund at that time, what would be the process? In my opinion, there are a few things that you should spend money on. For example, it can be mentioned that necessary expenses, investments, savings, and emergency funds must be adhered to.